Belgium Industrial production October 2016

Belgium: Industrial production grows in October

December 22, 2016

In October, industrial production in Belgium increased a seasonally-adjusted 1.4% from the previous month, a significant improvement from the revised 2.7% decrease registered in September (previously reported: -0.7% seasonal-adjusted month-on-month). The increase was mainly driven by an expansion in both the manufacturing and the construction sectors.

FocusEconomics Consensus Forecast panelists expect industrial output to expand 2.2% in 2017, which is down 0.2 percentage points from last month’s forecast. For 2018, the panel sees industrial production growth slowing to 1.4%.

Author:Andrea Vetrugno, Economist

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According to preliminary data released by the Bank of Belgium (NBB) on 31 July, the economy returned to a sedate pace of growth in the second quarter of the year, expanding 0.4% quarter-on-quarter (qoq).